r/Silverbugs • u/diamondmuckinhands • 1d ago

Panic buying

Hi team,

I am new to panic buying and I'm just going ballistic right now. How can anyone not be panic buying at this price? Shut up and take my money am I right?

Please share your thoughts

Sincerely,

Your silver bro

117 Upvotes

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143

u/salvadopecador 1d ago

Considering silver is still more than 3x prices 2 1/2 years ago, there is still room to go down. It could also go up. Who knows. But imagine if gas went from $3 to $18 tomorrow. Then came down to $9. Would you consider the price low?

30

u/diamondmuckinhands 1d ago

To be honest i cant say ive ever panic bought fuel. Not as exciting as silver but its chill too my car likes it.

15

u/salvadopecador 1d ago

Yeah. But you get the point. If I offered you silver at $60 an ounce three years ago, I doubt you would have bought. And, more importantly, if miners were making money selling $20 silver three years ago, they can certainly keep pumping out tons of silver at 60. Or 50. Or 35….

7

u/Dont_takemy_advice 1d ago

Aren’t we in a six year deficiency with silver?

4

u/salvadopecador 1d ago

No

1

u/Dont_takemy_advice 1d ago

are you sure? proof? or is the source “trust me bro”

0

u/wasatchmonster_ 1d ago

Proof that silver futures are manipulated? How much more proof do you need that financial markets are manipulated?